Cocoa

WORLD BANK TO INVEST US$300M INTO GHANA COCOA INDUSTRY

Posted on by Gambeta News
WORLD BANK TO INVEST US$300M INTO GHANA COCOA INDUSTRY

World Bank making plans to invest in Ghana Cocoa industry. Cocoa is Ghana chief agricultural export and cash crop. This is why the World Bank is investing fund to help shore up production of the crop over the next five years. The project which is under the Cocoa Sector Value Chain Project will increase productivity levels of cocoa farmers as well as promote value addition. Meanwhile, farmer production level will increase from the current 300…

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GHANA’S OIL PROCEEDS EXCEED COCOA FOR THE FIRST TIME

Posted on by Gambeta News
GHANA’S OIL PROCEEDS EXCEED COCOA FOR THE FIRST TIME

Ghana’s earnings from oil exports exceeds that of cocoa for the first time. According to current figures from Ghana’s central bank, revenue from oil have surpassed revenue from cocoa for the first time. Since January this year the country have made more money from the Oil sector than the Cocoa sector.  Making the Oil sector Ghana’s second highest foreign exchange earner. The total receipts from oil exports in January was US$400.1 million, while that of…

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COCOA PROCESSING PLANT TO BE READY SOON IN SOUTHERN NIGERIA

Posted on by Gambeta News
COCOA PROCESSING PLANT TO BE READY SOON IN SOUTHERN NIGERIA

Cocoa processing plant soon to become operational in Southern Nigeria. Ongoing construction works at the 30,000 tonnes per annum cocoa processing plant in Ikom, Cross river has been satisfactory. This is according to the state governor Prof. Ben Ayade, who was very excited by the delivery of the equipment for the plant. The governor said the plant will be ready soon for inauguration. When complete the plant will process cocoa beans into chocolate bars. It will also…

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